As the world grapples with Covid-19, Chinese tech giant Huawei says that its global supply chain is being put under intense pressure and its production and operations face significant challenges.
However, the company’s continued efforts to find solutions, survive and forge forward, and fulfill its obligations to customers and suppliers, have shown promising results, with its latest 3QFY2020 results meeting expectations.
In its business results announced on Oct 23, Huawei recorded CNY671.3 billion ($136.4 billion) in revenue for 3QFY2020, an increase of 9.9% over the same period last year, with a net profit margin of 8.0%.
Moving forward, Huawei says that it will leverage its strengths in ICT technologies such as AI, cloud, 5G, and computing to provide scenario-based solutions, develop industry applications, and unleash the value of 5G networks along with its partners.
See also: Huawei's lead in 5G draws inspiration from Galileo; urges unified standards
Its stated goal is to help enterprises grow their business and help governments boost domestic industry, benefit constituents, and improve overall governance.
Along with its business update, Huawei has also unveiled its latest Huawei Mate 40 Series, its most powerful Mate line-up ever. The Huawei Mate 40 Pro and Mate 40 Pro+ incorporate the world’s first 5 nanometer 5G SoC, Ultra Vision Cine Camera system and the iconic Space Ring Design, as well as a smarter, more attentive digital experience.
